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By the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world. (nationalinterest.org)

submitted 1 month ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[–] Infamousblt@hexbear.net 51 points 1 month ago* (last edited 1 month ago) (4 children)

Tomorrow's Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.

[–] Rom@hexbear.net 28 points 1 month ago

A measurement based entirely on student loan and medical debt, and sales of guns and child-crushing pickup tricks.

[–] moujikman@hexbear.net 18 points 1 month ago

They just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.

[–] Palacegalleryratio@hexbear.net 15 points 1 month ago* (last edited 1 month ago)

Turns out the only valid™ measure of the economy, is the total citizens medical debt.

USA No.1!!! joker-amerikkklap

[–] Shinhoshi@lemmygrad.ml 13 points 1 month ago

So, the unadjusted GDP per capita and the inflation metrics that don't include essential spending then?